Aldar launches $463m Yas Golf Collection development

The community aims to attract local and international investors to Abu Dhabi's property market

Aldar Properties said the homes at Yas Golf Collection will cater to a broad customer base, with its larger units designed specifically for investors who are looking at short-term leasing. Photo: AldarShow less

Abu Dhabi-based Aldar Properties announced the launch of Yas Golf Collection, a Dh1.7 billion ($463 million) resort-style development that aims to tap into the growing demand for properties on Yas Island.

The community, which will span more than 127,000 square metres, overlooks the Yas Links Golf Course and will comprise 1,062 units, with studios and apartments starting at Dh705,000 and Dh1.24m, respectively, the developer said in a statement on Tuesday. Sales will start on July 23.

The project builds on the successful previous launches on Yas Island, which is "attracting large interest from both resident and overseas buyers", said Rashed Al Omaira, chief commercial officer of Aldar Development.

"Given the diversity of units on offer at Yas Golf Collection, we expect to see significant interest from residents looking for a new home, as well as local and international investors seeking a foothold in Abu Dhabi’s attractive property market."

Aldar has been growing its assets. Last week, the developer expanded its hospitality portfolio with the acquisition of Nurai Island Resort, plus two new Abu Dhabi islands intended for "high-end, luxury beachfront villas".

In June, it announced Saadiyat Grove, a five-building residential project at the Grove District on Abu Dhabi's Saadiyat Island that is surrounded by the city's iconic museums.

The company received a further boost last week when Alpha Dhabi Holding, a subsidiary of Abu Dhabi-listed conglomerate International Holding Company, increased its stake in Aldar Properties to become its parent company.

Abu Dhabi's property market, meanwhile, posted transactions worth Dh71.5bn in 2021, with the total number of transactions across sales and mortgage deals reaching 14,958 during the year, Abu Dhabi's Department of Municipalities and Transport said in a February report.

The homes at Yas Golf Collection will cater to a broad customer base, with its larger units designed specifically for investors who are looking at short-term leasing.

The development will provide proximity to Abu Dhabi International Airport as well as to the sites of major annual global sporting events in the capital, including the Abu Dhabi HSBC Golf Championship, the Abu Dhabi Formula One Grand Prix, and UFC Fight Island.

Artist Fathima Mohiuddin was commissioned by developer Miral to create a large-scale mural showing birds of the UAE. All photos: Victor Besa / The National

Such as this African sacred ibis.

The collared kingfisher, which has blue wings and a white breast, is currently part of a preservation programme in Kalba, Sharjah.

Once threatened by dwindling numbers, the houbara bustard is now the focus of efforts by the International Fund for Houbara Conservation in Abu Dhabi.

The hoopoe is easily recognisable with its crown of feathers and striped wings.

'I used this project as an opportunity to learn more about eco-diversity and conservation efforts around the birds,' Mohiuddin said of the project.

This project is the largest yet by the artist, who goes by the pseudonym Fatspatrol, and measures a total of 8,630 square metres.

The artist depicted at least 10 bird species in her mural, including the laughing dove.

The greater flamingo, found in Al Wathba wetland reserve in Abu Dhabi, a regular breeding sites for the bird in the Gulf, also features in the mural.

The migratory saker falcon spends its winters in the Arabian Peninsula.

A small group of Egyptian vultures thrives in Jebel Hafeet, on the border between the UAE and Oman.